Economists warn that as the U.S. economy slows down, Canadian businesses and investors should prepare for an inevitable spillover. Though Canada is expected to outperform the U.S. in most areas, a slowdown in manufacturing and consumer spending is expected, and an upsurge in unemployment is a possibility, too. Canada’s housing boom has also rapidly cooled, and consumers should brace for interest rates to return to more normal levels. David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc., argues, “There isn’t even a debate: the Canadian economy is moderating. We’re going to move in the same general direction [as the United States].” Canadians have been spending at an unsustainable rate—faster than their incomes are rising—which will also contribute to this slow-down. But fear not: a Bank of Montreal economist said all this doom and gloom does not mean Canada will experience a double-dip recession.